RE:RE:RE:Another > 750,000 shares acquired by CompanyYes I think you are correct. I think it was set to cancel in August 2020 so I assume sometime in July we would get another 1-year issuer bid going.
At the March 31, 2020 reporting period, there was 111,172,693 shares o/s, not including the 7,800,000 options and 7,148,753.
The warrants are all currently out of the money and expire in October (4,000,000) and December (3,148,753) so perhaps the diluted share count will also fall in the next 3-4 quarters, unless more options/warrants are issued of course.
I have total repurchases after the March 31, 2020 reporting period as follows:
- April 2020 - NONE
- May 2020 - 627,500
- June 2020 - 1,606,135
Total = 2,233,635.
So the actual shares o/s as of today would be 108,939,058. A nother positive, is those repurchases alone will save $11,168.18 in dividend payments each year. Overall I think the NCIB for Quinsam is a good use of its resources. Sometimes I feel management does a course issuer bid to try and establish a floor on its share price as opposed to being worried about the difference between NAV and Market price variance.